Petronas said the agreement would strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage, while the JSA represents “a notable stride forward” in efforts to reduce greenhouse gas emissions in the Asia Pacific region, especially in Malaysia and Japan.
“This agreement signifies a pivotal step towards enhanced collaboration with an important partner. This spirit of collaboration will speed up progression and enrich CCS delivery by leveraging the vast experiences of the two organisations,” said PCCSS chief executive, Nora’in Md Salleh.
“This is in line with Petronas' commitment in accelerating the development of prominent CCS hubs in Malaysia, for the region.”
The Malaysian company is championing CCS as a key solution in addressing emissions from its operations as well as other industries and it is continuing to form strategic collaborations as part of deliberate steps to build a resilient and sustainable portfolio, while accelerating its NZCE (net zero carbon events) 2050 pathway
